A “for sale or lease” sign on the side of Colony House Furniture at 1700 Lee Highway has prompted a number of people to email us and ask what’s going on with the iconic, 54-year-old store. Today, owner J.R. Diffee provided an answer.
The business plans to cash in on its prime real estate and relocate.
“This is not a going out of business,” Diffee said emphatically. “The property is for sale, the business is not.”
Diffee says he anticipates a developer buying the property, then leasing it back to the store until building permits are approved. In the meantime, Diffee says he will be looking for a new location.
Will he move the store to another address in Arlington?
“I’d love to,” said Diffee, an Arlington Chamber of Commerce board member. “I have three kids in Arlington Public Schools… I buy into the Arlington Way.”
Diffee said that while the furniture business was hurt by the recession, sales at the store were up 7.5 percent last year. Still, he said that the property the store has occupied since 1957 — adjacent to I-66 and within a long walk of Rosslyn and Courthouse — is now worth more to a developer than it is to a furniture store.
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Please join us on Saturday, June 3, from 2 to 4 pm for the Glencarlyn Home Tour in Arlington’s historic Glencarlyn neighborhood. Among the featured homes will be a sparkling new home by A&N Builders at 5604-4th St. South. The inviting front porch opens to a light-filled space featuring high ceiling, wood floors, gas fireplace, Pella windows, Shrock cabinets, Quartz countertop, and JennAir appliances. Doors from the family room open to a large covered porch with a few steps to the level, landscaped rear yard. Upstairs, there are four bedrooms, three bathrooms, laundry room, and linen storage. The big lower level has a rec room, gym space, and a fifth bedroom and bathroom plus even more storage. After leaving the home, stroll to the Ball-Sellers home, the oldest residence in Arlington, the community gardens at the library, Carlin Hall, and the 94 acre Glencarlyn Park. A lovely way to while away a late spring afternoon.
Is home ownership a goal of yours in 2023? Now is the time to make it happen! Grab a (virtual) drink with the area’s top Real Estate experts, learn all about the home buying process and on how you can get $1,500 towards your closing costs immediately!
Did you know the average Arlington renter will spend $150K in 5 years of renting? Stop paying down someone else’s mortgage! Join us for a Rent vs. Buy Happy Hour on Wednesday, June 7th at 6 p.m. via Zoom. If this time doesn’t work, we also are offering times convenient for your schedule!
A lot has happened in the local market since the beginning of the pandemic. Sip on your drink of choice and learn from Northern Virginia, Arlington and Washingtonian Magazines top producing agents! We will discuss the latest market updates, the home buying process and rent vs. buy cost savings. Please RSVP by clicking here.
Call/text Manavi at 703-869-6698 with any questions!
Homebuying 101: Steps to Getting Pre-Approved
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved.
Join ACFCU’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,